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Billionaire Howard Marks‘ Oaktree Capital Management recently filed a Form 13D with the SEC, in which reported holding 37.86 million common shares of Exco Resources Inc (NYSE:XCO), which account for 13.4% of the company’s outstanding stock. This represents a decrease in the firm’s stake, as it previously held 45.17 million shares according to its 13F filing for the reporting period of June 30.

Exco Resources is an oil and natural gas company that works on the exploitation of onshore oil and gas properties in the U.S. Over the past 12 months, the company’s shares have gained 116.02% as oil prices have rebounded from multi-year lows. In its financial report for the second quarter of 2016, Exco Resources reported a loss per share of $0.05 and revenue of $54 million, compared to a loss per share of $0.05 and revenue of $94 million for the same quarter of the previous year.

According to our hedge fund database, some of the investors long EXCO Resources Inc (NYSE:XCO) at the end of June were Oaktree Capital Management, Prem Watsa’s Fairfax Financial Holdings, with a position valued at $33.2 million, Jim Simons’ Renaissance Technologies, with a stake worth $3.53 million, and Ken Griffin’s Citadel Investment Group. Investors who lost interest in EXCO Resources Inc (NYSE:XCO) and decided to drop their positions during the second quarter included Howard Guberman’s Gruss Asset Management, which said goodbye to a $2.5 million position of put options underlying EXCO shares.

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Ownership Summary Table

Name

Sole Voting Power

Shared Voting Power

Sole Dispositive Power

Shared Dispositive Power

Aggregate Amount Owned Power

Percent of Class

OCM Principal Opportunities Fund IV Delaware

14,565,886

86,250

14,565,886

86,250

14,652,136

5.2%

OCM Principal Opportunities Fund IV Delaware GP Inc

14,565,886

86,250

14,565,886

86,250

14,652,136

5.2%

OCM Principal Opportunities Fund IV

14,565,886

86,250

14,565,886

86,250

14,652,136

5.2%

OCM Principal Opportunities Fund IV GP

14,565,886

86,250

14,565,886

86,250

14,652,136

5.2%

OCM Principal Opportunities Fund IV GP Ltd

14,565,886

86,250

14,565,886

86,250

14,652,136

5.2%

OCM Principal Opportunities Fund III

2,180,978

86,250

2,180,978

86,250

2,267,228

0.8%

OCM Principal Opportunities Fund IIIA

39,977

86,250

39,977

86,250

126,227

0.0%

OCM Principal Opportunities Fund III GP

2,220,955

86,250

2,220,955

86,250

2,307,205

0.8%

Oaktree Fund GP I

18,123,091

18,123,091

18,123,091

6.4%

Oaktree Capital I

18,123,091

18,123,091

18,123,091

6.4%

OCM Holdings I

18,123,091

18,123,091

18,123,091

6.4%

Oaktree Holdings

18,123,091

18,123,091

18,123,091

6.4%

OCM EXCO Holdings

19,736,841

86,250

19,736,841

86,250

19,823,091

7.0%

Oaktree Capital Management

37,859,932

37,859,932

37,859,932

13.4%

Oaktree Holdings, Inc

37,859,932

37,859,932

37,859,932

13.4%

Oaktree Capital Group

37,859,932

37,859,932

37,859,932

13.4%

Oaktree Capital Group Holdings GP

37,859,932

37,859,932

37,859,932

13.4%

Oaktree Value Opportunities Fund Holdings

1,250,000

86,250

1,250,000

86,250

1,336,250

0.5%

Oaktree Value Opportunities Fund GP

1,250,000

86,250

1,250,000

86,250

1,336,250

0.5%

Oaktree Value Opportunities Fund GP Ltd

1,250,000

86,250

1,250,000

86,250

1,336,250

0.5%

Howard Marks

Oaktree Capital Management

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Page 1 of 34 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

(Amendment No. 6)*

EXCO RESOURCES, INC.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

269279402

(CUSIP Number)

Todd E. Molz

Managing Director and General Counsel

Oaktree Capital Group Holdings GP, LLC

333 South Grand Avenue, 28th Floor

Los Angeles, California 90071

(213) 830-6300

(Name, Address and Telephone Number of Person Authorized

to Receive Notices and Communications)

August 10, 2016

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-l(f) or 240.13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to whom copies are to be sent.

____________________________

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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